Dollarama (TSE:DOL) Price Target Raised to C$190.00 at Stifel Nicolaus

Dollarama (TSE:DOL - Free Report) had its price target increased by Stifel Nicolaus from C$162.50 to C$190.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other brokerages have also recently commented on DOL. Jefferies Financial Group set a C$180.00 target price on Dollarama and gave the stock a "buy" rating in a report on Thursday, April 10th. Royal Bank of Canada lifted their price objective on Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. CIBC increased their price target on Dollarama from C$145.00 to C$174.00 in a report on Friday, April 4th. National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Finally, UBS Group lifted their price objective on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$186.36.

Dollarama Stock Down 0.0%

TSE:DOL traded down C$0.08 during trading hours on Thursday, reaching C$193.86. The company's stock had a trading volume of 70,768 shares, compared to its average volume of 715,682. The company has a market cap of C$53.57 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a one year low of C$119.88 and a one year high of C$196.46. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The business's 50-day moving average is C$170.22 and its 200-day moving average is C$152.90.

Dollarama Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were issued a dividend of $0.1058 per share. This is an increase from Dollarama's previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Thursday, April 17th. Dollarama's dividend payout ratio (DPR) is presently 9.42%.

Insider Activity at Dollarama

In other news, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. 2.23% of the stock is owned by corporate insiders.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company's product offerings.